PROJECT

Projects

Summary of Investment Information

Project Number

40331

Company Name

SOUFFLET MALT ETHIOPIA SC

Date SPI Disclosed

Mar 12, 2019

Country

Ethiopia

Region

Africa

Projected Board Date

Apr 30, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Africa

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 20, 2019
Signed : Jun 28, 2019
Invested : Oct 14, 2019

Sector

Grain Processing (Milling, Starch, Flour, Malt)

Additional Project Attributes

Blended Finance

Project Description

Soufflet is a French family-owned agri-food group of international scope with a presence in 19 countries. It operates in the barley, wheat and rice and pulses sectors and advises and provides support for wine growers. The group is the leading family-owned direct buyer of cereals in Europe, and also operates in the international cereal markets through its subsidiary Soufflet Négoce. In the barley sector, it is one of the world’s top malt producers, with a presence in Europe, Asia, and South America. In wheat, it is one of Europe’s leading millers and an expert in developing tailor-made ingredients. The Group also develops and manufactures enzymes and yeasts and is a significant player in the bakery food industry in France and Portugal, and is also active in the fast food sector. The Soufflet Group invests in research and innovation to enhance the value of agricultural resources. Proposed investment consists of a EUR 20 million financing to Soufflet Malting Ethiopia PLC (“Soufflet Ethiopia” or the “Company”), a 100% subsidiary of Soufflet. The project will directly support the Group’s strategy in Africa to build and operate a malting facility in Ethiopia with a total output capacity of 110K tpa (the “Project”).

 

 

Associated Advisory Engagement

                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation